Investment Highlights
- Value-Add Opportunity: Approximately 15% of homes have been fully renovated, while the majority of unit interiors maintain classic finishes, providing a clear value-add opportunity.
- Proximity to Parks & Amenities: Surrounded by parks and greenspace, The Terrace is just steps from Foster Memorial Park and overlooks Foster Links Golf Course.
- Balanced Unit Mix with Large Floor Plans: Attractive mix of studio, one-, and two-bedroom floor plans averaging a spacious ±745 square feet.
- Easy Access to Major Employment Centers: Convenient access to Interstates 5 and 405 provides connectivity to Downtown Seattle, Bellevue, Renton, and Kent Valley, all within approximately 10 to 30 minutes. Major nearby employers include Alaska Airlines, Amazon, Boeing, the Federal Aviation Administration, and Seattle-Tacoma International Airport.
- Long-Term Pride of Ownership: Owned and carefully maintained by long-term ownership, The Terrace has benefited from consistent upkeep and a strong pride of ownership throughout the property. The community presents well with mature landscaping, well-maintained common areas, and operational stability that provides an excellent foundation for future improvements.
Exclusively listed by
Related Research
More Listings from Philip E. Assouad
The Terrace
